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Author: [Politics] Topic: Romney's tax rate.
bowlslit send a private message View Space | Blog | Friends | Playbook | My Sportsbook: 5Dimes |
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#1
Posted: 10/12/2012 2:36:16 AM
How many of you are just completely pissed off about the tax rate Romney paid in comparison?
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#2
Posted: 10/12/2012 3:10:34 AM
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#3
Posted: 10/12/2012 3:15:08 AM

for the record am pissed off at all the rich fatcats who paid the politicians off to create juicy loopholes for them to use.

It baffles my mind why you are so worried about corporations having these loopholes to get out of paying taxes. Why day in and day out do you defend these pricks, when they are not contributing jobs or money to our country.

You must enjoy having to pay more taxes, so the rich dont have to I guess everytime you read about another rich person buying another plane, it sends tingles down your spine, knowing you help pay for that plane  wipe the drool

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#4
Posted: 10/12/2012 3:17:14 AM

oh and another thing, these corporations arent even selling their products that they get made for pennies on the dollar in our country at lower prices. Nope they are still charging prices, like they were being made in America.

Mind boggling

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#5
Posted: 10/12/2012 9:33:34 AM
In not completely pissed off about it, but it does seem a bit contradictory to me. I thought Jon Stewart put it best in his debate with O'Reilly about business people using tax loopholes as being savvy, while poor people using loopholes or just using government welfare programs as being moochers of the system.
Posted using a mobile device.
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#6
Posted: 10/12/2012 10:09:05 AM
QUOTE Originally Posted by Ktrain:

In not completely pissed off about it, but it does seem a bit contradictory to me. I thought Jon Stewart put it best in his debate with O'Reilly about business people using tax loopholes as being savvy, while poor people using loopholes or just using government welfare programs as being moochers of the system.



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#7
Posted: 10/12/2012 10:10:02 AM
QUOTE Originally Posted by bowlslit:

How many of you are just completely pissed off about the tax rate Romney paid in comparison?


The irony is that he goes on and on about 47% not paying their fair share while he does everything he can to pay as little taxes as possible himself.
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#8
Posted: 10/12/2012 10:40:24 AM

It is investment income that has a tax rate of 15%.  Also, known as the capital gains tax. 

 

Why do people not understand this.

 

Obama wants to raise capital gains tax that will create huge problems with seniors that live off of investment income. 

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#9
Posted: 10/12/2012 11:35:33 AM
QUOTE Originally Posted by FrontRowCenter:

It is investment income that has a tax rate of 15%.  Also, known as the capital gains tax. 

 

Why do people not understand this.

 

Obama wants to raise capital gains tax that will create huge problems with seniors that live off of investment income. 



I do not follow how this point relates to original topic.
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#10
Posted: 10/12/2012 11:49:06 AM
Personally could care less about his tax rate.

It bothers me to no end that taxes are even a Top 20 issue tho. Are there not more important issues to discuss?
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#11
Posted: 10/12/2012 12:17:32 PM

Actually, FRC it was a trick question to begin with.

I wanted to see how many people actually understood that it is capital gains tax. Biden brought it up in the debate as if it wasnt to try to throw ignorant people off and get them upset.

And just a little help to understand why the lower percentage of tax for capital gains. Investment money has usually already been taxed.

CD what in the hell makes you think that we don't want the loopholes closed? We have been saying that for a long time now so STFU about that.

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#12
Posted: 10/12/2012 12:20:13 PM

Mattbrot. It appears to me that you need to do some homework to find out why capital gains are taxed at the lower rate.

Would you advocate for investment money to get taxed more than once? I sure hope not.

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#13
Posted: 10/12/2012 12:21:51 PM
QUOTE Originally Posted by FrontRowCenter:

It is investment income that has a tax rate of 15%.  Also, known as the capital gains tax. 

 

Why do people not understand this.

 

Obama wants to raise capital gains tax that will create huge problems with seniors that live off of investment income. 


What investment income?

The ultra wealthy are taking advantage of these manipulated interest rates to leverage and risk..the average person is not making a return to be hit with capital gains.

Read up on the stock market and who is running the market..the outflows of the retail investor.

The wealthy take more advantage of the government and the system than the poor ever could.
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#14
Posted: 10/12/2012 12:45:25 PM
QUOTE Originally Posted by bowlslit:

Mattbrot. It appears to me that you need to do some homework to find out why capital gains are taxed at the lower rate.

Would you advocate for investment money to get taxed more than once? I sure hope not.



I am well aware of capital gains and why they are taxed at a lower rate. But are we suggesting that all of his money is from capital gains? If so then why was his tax rate at 14.2% (or close to) as opposed to 15%.

And you are correct that I in no way want investment money to get taxed twice.
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#15
Posted: 10/12/2012 12:47:36 PM
QUOTE Originally Posted by wallstreetcappers:


What investment income?

The ultra wealthy are taking advantage of these manipulated interest rates to leverage and risk..the average person is not making a return to be hit with capital gains.

Read up on the stock market and who is running the market..the outflows of the retail investor.

The wealthy take more advantage of the government and the system than the poor ever could.


Exactly. And given the current laws they are within their rights (as long as they are not hiding money in other accounts etc...) to take advantage of it.

But it is a hard pill to swallow when he gets up there and gets on his high horse about the 47% when he is doing all he can to work the system himself.


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#16
Posted: 10/12/2012 12:50:27 PM
QUOTE

Originally Posted by mattbrot:



I am well aware of capital gains and why they are taxed at a lower rate. But are we suggesting that all of his money is from capital gains? If so then why was his tax rate at 14.2% (or close to) as opposed to 15%.

And you are correct that I in no way want investment money to get taxed twice.

As much as he pays into the charity I believe he should get a deduction for it.

 He probably gives more to charity than all covers members combined.

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#17
Posted: 10/12/2012 12:55:29 PM

WSC

I beg to differ. Most poor people spend their investment money on beer and cigs and large soda drinks.

There is nothing stopping them from using that money to make more money from the stock market.

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#18
Posted: 10/12/2012 12:59:25 PM
You seriously think poor people have capital gains from the stock market?


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#19
Posted: 10/12/2012 1:01:20 PM
QUOTE Originally Posted by bowlslit:

WSC

I beg to differ. Most poor people spend their investment money on beer and cigs and large soda drinks.

There is nothing stopping them from using that money to make more money from the stock market.



jesus christ what a stupid thing to say. what is wrong with you? seriously, what is your educational level? can you please make more gigantic sweeping generalities and use more stereotypes?




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#20
Posted: 10/12/2012 1:16:32 PM
QUOTE Originally Posted by wallstreetcappers:

You seriously think poor people have capital gains from the stock market?


A good percentage of people HAVE THE OPPORTUNITY to get capital gains from the stock market.

Thats what I said so respond to that rather than respond to what you think I said.

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#21
Posted: 10/12/2012 1:23:48 PM
QUOTE Originally Posted by bowlslit:

A good percentage of people HAVE THE OPPORTUNITY to get capital gains from the stock market.

Thats what I said so respond to that rather than respond to what you think I said.


You said..

WSC

I beg to differ. Most poor people spend their investment money on beer and cigs and large soda drinks.

There is nothing stopping them from using that money to make more money from the stock market.

The discussion is regarding capital gains taxes.

What percentage of the 47% of us income is available for investment purposes?

Most people have any investments done via a 401k and do not have free cash hanging around to invest thousands into a mutual fund or stock.

So are you suggesting that only the wealthy should have vices like booze and cigs, that the 47% and below are not worthy of having vices?

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#22
Posted: 10/12/2012 1:35:45 PM
QUOTE Originally Posted by wallstreetcappers:


You said..

WSC

I beg to differ. Most poor people spend their investment money on beer and cigs and large soda drinks.

There is nothing stopping them from using that money to make more money from the stock market.

The discussion is regarding capital gains taxes.

What percentage of the 47% of us income is available for investment purposes?

Most people have any investments done via a 401k and do not have free cash hanging around to invest thousands into a mutual fund or stock.

So are you suggesting that only the wealthy should have vices like booze and cigs, that the 47% and below are not worthy of having vices?

Acutally, I was thinking more in the abstract.

Poor people that have vices don't take the opportunity to invest the money they blow on the vices. $15 per day can add up. I didn't even make mention of the strip club money.

In my view we need to have a healthy poor class to stave off massive inflation. Thanks to Marlboro and Pabst Blue Ribbon or Keystone I'll never have to worry about not having that healthy poor class.

Shame on anybody that blames rich people for not prioritizing.

Shame also to those people that think the poor people who pay $15 per day to The cigerette/beer monster should also be able to have the wealth of those that spend their money more wisely.

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#23
Posted: 10/12/2012 1:42:45 PM
Have you associated closely with people who are poor enough to do more than talk in the abstract?

I have..

Poor people do not have rainy day money to use when their car breaks down or they have a hefty hospital bill or their water heater bursts.

Poor people are worried about having enough money to cover their day to day expenses and if they are lucky enough to have health insurance, have enough money to cover premiums for health insurance and maybe try and save up enough money to prepare for college, buy a reliable vehicle, try and prepare for the never ending surprises that life brings.

It isnt that poor people blow their money on strip clubs and booze, rather that they dont have the extra money that wealthy people do to flippantly blow money and still have extra left over for investing or buying better food, going on a nice vacation or shopping at high end retail establishments.

Someone who has never been poor or had great exposure to the poor would generalize as you are here.
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#24
Posted: 10/12/2012 1:55:46 PM

One of my brothers good friends is a drywall hanger. His wife works at a smoke shop. Their kids go to school with hand me down clothes that don't fit. They live with his wifes parents. They spend $400 per month just on cell phones for each of them. His wife is covered in tattoos on 80% of her body that she is still paying for out of her paycecks (tattoo parlor next door to her work). He spends all of his extra money getting blasted with my brother on the weekends.

My brother, is on SSI because of a motorcycle accident when he was 17 that left him a parapalegic. He has had 2 open heart sergeries in the last ten years. He spends most of his extra money on budweiser on the weekends.

They are entitled to do what they want. They are not entitled to do what they want and then cry about being 'NOT RICH'

Surely there are people that you mentioned that are poor dispite spending their money on necessities.

Ever heard the theory about people with money switching with people that don't and in ten years the money will be back in the original hands? I believe that to be mostly true. Ive seen far too many people spend money chasing get rich quick schemes rather than trust in hard work and good decisions.

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#25
Posted: 10/12/2012 1:59:28 PM
The issue is the glass wall separating the 5% and the 95% has grown thicker and thicker and thicker..

It takes money to make money, only a slim fraction of a percent of people get lucky and make money..most do not have the seed money to develop an idea, a talent, a resource and develop it into wealth.

Your examples above are people who know they might never be more than what they currently are and make bad decisions from that fate.

Who profits when your friends go and booze it up or buys crap food with their money?

Corporations do..

I am sure the brewers who are making their profits are not complaining about your brother liquoring up on the weekends.
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